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IDT completing fablite to fabless business model with Oregon fab sell
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Mixed-signal IC fabrication specialist, Integrated Device Technology (IDT) is moving to the fabless business model with the sale of its Hillsboro, Oregon wafer fabrication facility. However, the fab is not to close but is being acquired by Alpha and Omega Semiconductor, which under a foundry service arrangement with IDT AOS has the option to acquire the wafer fabrication facility and related assets for US$26 million.
However, IDT entered into a product fabrication agreement with TSMC over two years ago and the transfer is almost complete.
“This announcement marks an important phase in IDT’s transition to a fabless semiconductor company. Our system solution strategy requires access to a wide variety of process technologies and an ecosystem of outsourced manufacturing partners. Two years ago, IDT entered into a product fabrication agreement with TSMC and we are nearing completion of the transfer of our products and process technologies to their fabs,” said Dr. Ted Tewksbury, president and chief executive officer at Integrated Device Technology. “The transformation to a fabless model will enable IDT to focus our resources and investments on innovative new product definition and development, while outsourcing manufacturing to industry leading foundry partners.”
ATREG is believed to have previously been awarded a contract to sell the 200mm facility.